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Friends who go out to eat often split the check. “You ordered the chicken. You owe me ten bucks…” and so forth. Businesses have a similar process. It’s called intercompany accounting. Instead of figuring out who owes what for the chicken, but not the drinks, companies often have separate business units paying for things and accepting payment on behalf of other business units.
Leo Tolstoy, the great Russian author, wrote “Every unhappy family is unhappy in its own way." He could have been describing the management of a manufacturing business. It’s true that all manufacturers share a number of common characteristics. They all take in components and raw materials and turn them into manufactured goods. They have inventories of parts and materials, work-in-progress and finished goods. They deal with logistics and shipping.
Acumatica’s second major release of 2019 (2019 R2) is launching the week of September 11. The semi-annual update to the popular cloud ERP solution contains a number of compelling new features, particular in the area of financial accounting.
Food manufacturers need more than basic Enterprise Resource Planning (ERP) software. The nature of food manufacturing is such that a Materials Requirements Planning (MRP) solution is essential for profitable operations. We are able to offer some insights into this requirement, based on our extensive experience working with food manufacturers. Learn more about ERP for food manufacturers.
Before we get started, we want you to know that we hear you. We understand. Your current Enterprise Resource Planning (ERP) took a lot of time and money to set up. But, as we both know, changes are heading your way. Now is the time to think hard about what’s coming next. It’s also a good moment to consider the risks of staying on legacy ERP.
With two major product releases every year, Acumatica cloud ERP improvements consistently increase usability, resulting in high end-user satisfaction. In fact, Acumatica has received high marks for their usability and user satisfaction by more than several renowned research and advisory companies.
If your business runs on Everest ERP (aka iCode), this might be a good time to think about migrating to Acumatica cloud ERP. It can be a touchy subject, we know. A lot of companies did well with Everest over the years, but the moment for reconsideration has arrived. Here are five reasons to migrate to Acumatica now.
Field service is an area of business operations that looks easy, but isn’t. That’s because so many companies do it badly. Let’s say your refrigerator breaks. You call for a service appointment. They say they’ll be there between two and four, just in time for hundreds of dollars’ worth of food to go bad. They actually show up at six, only to discover that they’re missing a critical part. They’ll be back the next day, between and two and four... Meanwhile, you’re in a mood to call someone else.
Food waste is a serious problem. With hunger a pervasive crisis in much of the world, it’s simply wrong to waste food. Additionally, growing food that won’t get eaten is bad for the environment. It wastes resources and causes pollution. And, if nothing else, wasting food is the same as wasting money. It’s bad for business. The scale of food waste is a real eye-opener, too. Per capita, North Americans and Europeans throw out over 200 pounds of food a year—worth about $165 billion in the US alone. While some food waste is probably unavoidable, there are many ways to reduce it. Technology can help. Advances in Enterprise Resource Management (ERP) software now give food producers and distributors new ways to cut down on waste.
Cloud-based ERP solutions are being adapted by organizations in all industries — the opportunities they provide to improve efficiencies and in turn increase profits are undeniable.